Real Estate - Commercial

With Relocation, Insurance Firm Expands In Wilmington

By Cece Nunn, posted Apr 6, 2017
Burns & Wilcox announced this week the relocation and expansion of its Wilmington office to 1001 Military Cutoff Road. (File photo)
The local office of a national insurance firm has moved to a different office location on Military Cutoff Road.
Burns & Wilcox, an H.W. Kaufman Financial Group Company, announced this week the relocation and expansion of its Wilmington office to 1001 Military Cutoff Road, Suite 350.
“The strategic move doubles the firm’s local operations — driving further growth of the team and greater support for insurance broker and agent clients,” according to a news release. “Burns & Wilcox has successfully operated in North Carolina for nearly 30 years, with additional offices in Charlotte and Morehead City.”
Previously, the firm has had a location nearby at 1051 Military Cutoff Road. The new office is more than 4,000 square feet.
“Burns & Wilcox has had a steadfast, prosperous history in North Carolina. The Wilmington community is an important location, integral to our leadership position in the North Carolina insurance marketplace,” said Alan Jay Kaufman, chairman, president and CEO of H.W. Kaufman Financial Group and Burns & Wilcox, in the release. “Our long-term dedication to the area has allowed us to attract top talent and expertise in this critical coastal market, and we look forward to advancing our footprint locally.”
Burns & Wilcox plans to add insurance professionals and capabilities this year, the release said.
The Wilmington office specializes in hard-to-place insurance coverage, including coastal risks, flood, commercial liability, commercial property, professional liability, environmental, commercial transportation and personal insurance, including high-value homes and condominiums, according to the release.
“Our growth and success in Wilmington is underscored by the hard work of our team in placing difficult coastal risks for our clients, such as flood,” said Kasey Vaughn, corporate vice president and managing director of Burns & Wilcox. “Our newly constructed office space will give Burns & Wilcox room to expand and attract new recruits  . . .”
According to the release, the new location for Burns & Wilcox will be built “as a bright and inviting open concept to provide more collaborative workspaces, with strong use of natural light.” 
Burns & Wilcox, headquartered in Detroit, has more than 50 offices across the United States and Canada and employs more than 1,700 professionals.
Kaufman Real Estate Management, the global real estate arm for Kaufman Family Companies, executed the lease and handled the construction of the office space, the release stated. 
Keith Austin of Maus, Warwick, Matthews & Co. represented the landlord in the lease at to Burns & Wilcox. Austin said Thursday that the remaining space for lease on the third floor is 2,550 square feet.

He said potential new tenants are showing interest in the first floor at 1001 Military Cutoff Road, including space that residential real estate firm Coldwell Banker Sea Coast Advantage will soon vacate.

Story On The Map

Ico insights


Lr 7992 pp 911712351

Dignity Offers New Final Family Resting Places

Patrick Kelly - Dignity Memorial
Lyleheadshot2017 1251720228

Why Can't You Just Write a Grant for That?

JC Lyle - Wilmington Area Rebuilding Ministry

Dram Shop Cases & Underage Purchasers: What NC Business Owners Should Know

Chris Hinnant - Barnwell Whaley Patterson & Helms, PLLC

Trending News

Developer Again Seeks Military Cutoff Rezoning With 'less-intensive' Plan For The Avenue

Cece Nunn - Mar 16, 2018

N.C. Ports Recovers From Hanjin Bankruptcy, Gets Fitch Upgrade

Christina Haley O'Neal - Mar 16, 2018

In The Current Issue

Local Craft Brewery Events Draw Visitors

It’s no secret now that craft beer is big business. And as the number of local breweries continues to grow, they’re impacting the area econo...

MADE Winners - Functional Product Category

Flow Sciences LLC, Maverick American Spearfishing and Surgilum made the list of MADE Winners in the Functional Product Category....

MADE Winners - Manufacturing Category

For this year's Manufacturing Category, the MADE Winners are eland Industries, JCC Outdoor Products - Wilmington Grill and Manufacturing Met...

Book On Business

The 2018 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!



WilmingtonBiz Expo - Keynote Lunch with John Gizdic, CEO, New Hanover Regional Medical Center
Wilmington's Most Intriguing People of 2017
2017 Health Care Heroes